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3 years ago

The appropriate cost accounting system to use when inventory items are produced on an assembly line is

Business

1 answer:

nika2105 [10]3 years ago

8 0

Answer:

Explanation:

The weighted average method is used to assign the average cost of production to a produce. Weighted average used in situations where:

Inventory items are similar to each other and its is difficult to assign a cost to an individual unit of a production line.

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Watches, an online watch store, recently adopted a new enterprise resource planning (ERP) system to help keep track of the compa

Nutka1998 [239]

Answer:

Management Information Systems

Explanation:

Watches, an online watch store, recently adopted a new enterprise resource planning (ERP) system to help keep track of the company's inventory and to deliver customers' orders on time. The company's adoption of the new ERP system reflects a change in the area of Management Information Systems.

Companies use the knowledge of Information Systems to streamline company operations and manage various systems to better serve their clients.

7 0

3 years ago

Diehl Corporation manufactures a variety of parts for use in its product. The company has always produced all of the necessary p

OverLord2011 [107]

Answer: $112000

Explanation:

The financial advantage of buying 21,000 electronic circuits from the outside supplier will be:

Previous cost = $640000

Less: Purchases 16000×35 = $560000

Add: Additional benefit = $16000

Less: Fixed cost = $96000

Less: Depreciation = 2/3 × $48000 = $32000

Financial advantage = $112000

7 0

3 years ago

Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Ident

Sedaia [141]

Answer:

Foster Inc.'s assets will decrease by a net amount of $30,000.

The Company's liabilities will increase by $30,000.

Explanation:

The price of the assert is $5,000 + $30,000 = $35,000

this means that the company's fixed assets will increase by $35,000, but since cash is decreasing by $5,000, the net change will be only $30,000

the amount of the loan = $30,000

this means that the company's liabilities will increase by $30,000

5 0

3 years ago

J&J Materials and Construction Corporation produces mulch and distributes the product by using dump trucks. The company use

lilavasa [31]

Answer:

$3,999.04 F

Explanation:

Calculation to determine the flexible-budget amount for variable manufacturing overhead?

First step is to calculate the Budgeted fleet hours per unit

Budgeted fleet hours per unit = 568 ÷ 710

Budgeted fleet hours per unit = 0.8

Second step is to calculate the Budgeted fleet hours allowed for 660 truckloads

Budgeted fleet hours allowed for 660 truckloads

Budgeted fleet hours allowed for 660 truckloads = 660 × 0.8

Budgeted fleet hours allowed for 660 truckloads = 528

Third step is to calculate the Budgeted variable overhead rate per machine hour

Budgeted variable overhead rate per machine hour = $89,460 ÷ 528

Budgeted variable overhead rate per machine hour = $169.43

Fourth step is to calculate the Flexible-budget amount

Flexible-budget amount = 528× $169.43

Flexible-budget amount= $89,459.04

Now let calculate the Flexible-budget variance

Flexible-budget variance = $85,460 − $89,459.04

Flexible-budget variance= $3,999.04 F

Therefore the Flexible-budget variance is $3,999.04 F

4 0

3 years ago

The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi

ch4aika [34]

Answer:

Service Revenue 50,000 debit

Income summary 50,000 credit

--to close revenues accounts--

Income summary 34,000 debit

Salaries and Wages Expense 27,000 credit

Supplies Expense 7,000 credit

--to close expenses accounts--

Income summary 2,000 debit

Dividends 2,000 credit

--to close dividends account--

Income summary 14,000 debit

Retained Earnings 14,000 credit

Explanation:

To close the temporary accounts which are, revenues, expenses and dividends we will use an auxiliary account called Income Summary

Then, once all are closed we transfer their balance into retained earnings:

Income summary

DEBIT CREDIT

50,000

34,000

2,000

Balance 14,000

7 0

3 years ago